On-site at an active AQM mine. — Photo courtesy AQM Copper Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") announced that it has enter
On-site at an active AQM mine. — Photo courtesy AQM Copper
Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") announced that it has entered into an agreement to purchase 14,554,000 common shares of AQM Copper Inc.("AQM"), representing approximately 10.45% of outstanding AQM common shares, pursuant to the private agreement exemption under applicable securities laws.
Teck is purchasing the AQM common shares at a purchase price of CAD$0.1037 per share, for aggregate consideration of CAD$1,509,250. No brokerage fees or commissions are payable in connection with the purchase. Following the purchase, Teck will hold 42,258,545 AQM common shares, representing approximately 30.35% of outstanding AQM common shares.
The purchase was made for investment purposes. Teck may determine to increase or decrease its investment in AQM depending on market conditions and any other relevant factors. This release is being issued under the early warning requirements of applicable securities laws.
About Teck
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Visit Teck for further information.
